Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
HMA > SEC Filings for HMA > Form 8-K on 21-Mar-2013All Recent SEC Filings

Show all filings for HEALTH MANAGEMENT ASSOCIATES, INC | Request a Trial to NEW EDGAR Online Pro

Form 8-K for HEALTH MANAGEMENT ASSOCIATES, INC


21-Mar-2013

Entry into a Material Definitive Agreement, Financial Statement


Item 1.01 Entry into a Material Definitive Agreement.

On March 20, 2013, Health Management Associates, Inc. (the "Company") amended its Credit Agreement, dated as of November 18, 2011, among the Company, as Borrower, Wells Fargo Bank, National Association, as Administrative Agent, Collateral Agent, Swing Line Lender, L/C Issuer and a Lender, and the other parties thereto (the "Amendment"). The principal terms and conditions of the Amendment are as follows:

(i) the then outstanding balance of a $1.4 billion seven-year collateralized and guaranteed term loan under the Credit Agreement was refinanced (such new term loan is referred to as the "New Term B Loan"). The principal payments on the New Term B Loan are the same as the predecessor term loan, except that the New Term B Loan is subject to a prepayment premium equal to 1.0% of the principal amount of the New Term B Loan that is repriced or prepaid on or before September 20, 2013.

(ii) the Amendment lowers the Company's interest costs by reducing the interest rate spread above the base rate selected by the Company by 0.75% (when comparing the New Term B Loan to the predecessor term loan). Additionally, the interest rate floor (before consideration of the interest rate spread) is 0.25% lower under the New Term B Loan than the predecessor term loan.

Except as set forth above, no other provisions of the Credit Agreement were materially modified by the Amendment.

The above description of the Amendment is qualified by reference to the full and complete version thereof, which is attached as Exhibit 99.1 to this Current Report on Form 8-K. Capitalized terms not otherwise defined in this Current Report on Form 8-K have the meanings ascribed to them in the Amendment and/or the Credit Agreement, which was filed as Exhibit 4.12 to the Company's Annual Report on Form 10-K for the year ended December 31, 2011.



Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
  No.                                     Description

99.1         First Amendment to Credit Agreement, among Health Management
             Associates, Inc., as Borrower, Wells Fargo Bank, National Association,
             as Administrative Agent, Collateral Agent, Swing Line Lender, L/C
             Issuer and a Lender, and the other parties thereto.


  Add HMA to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for HMA - All Recent SEC Filings
Sign Up for a Free Trial to the NEW EDGAR Online Pro
Detailed SEC, Financial, Ownership and Offering Data on over 12,000 U.S. Public Companies.
Actionable and easy-to-use with searching, alerting, downloading and more.
Request a Trial      Sign Up Now


Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.